SRG · Seritage Growth Properties - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $18.20M | $17.62M | $20.78M | $107.06M | $116.68M | $116.50M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $31.95M | $30.02M | $45.99M | $47.63M | $41.95M | $28.85M |
| Total Operating Expenses | $54.67M | $69.14M | $87.87M | $190.00M | $173.41M | $202.78M |
| D&A | $6.28M | $13.12M | $14.47M | $41.11M | $51.20M | $96.00M |
| Operating Income | ($68.22M) | ($151.95M) | ($154.87M) | ($119.63M) | ($38.79M) | ($152.71M) |
| Interest Expense | $20.27M | $24.97M | $44.57M | $86.73M | $107.97M | $91.32M |
| Income Tax | $0 | $1.58M | $38.0K | $466.0K | $196.0K | $252.0K |
| Net Income | ($68.22M) | ($153.54M) | ($154.91M) | ($73.94M) | ($28.15M) | ($105.03M) |
| EPS - Basic | ($1.30) | ($2.82) | ($2.85) | ($1.59) | ($0.78) | ($2.87) |
| EPS - Diluted | ($1.30) | ($2.82) | ($2.85) | ($1.59) | ($0.78) | ($2.87) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $48.09M | $85.21M | $134.00M | $133.48M | $106.60M | $143.73M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $393.78M | $677.77M | $973.86M | $1.84B | $2.41B | $2.65B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $60.98M | $271.97M | $410.70M | $1.12B | $1.57B | $1.77B |
| Stockholders' Equity | $331.42M | $404.46M | $561.99M | $720.47M | $687.74M | $649.04M |
| Retained Earnings | ($1.03B) | ($958.78M) | ($800.34M) | ($640.53M) | ($553.77M) | ($528.64M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($34.90M) | ($53.55M) | ($53.06M) | ($117.92M) | ($136.00M) | ($47.31M) |
| Investing Cash Flow | $198.47M | $126.87M | $732.91M | $586.08M | $260.71M | $42.87M |
| Financing Cash Flow | ($198.99M) | ($125.31M) | ($675.09M) | ($436.97M) | ($161.21M) | $15.44M |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -374.7% | -862.3% | -745.3% | -111.7% | -33.2% | -131.1% |
| EBITDA margin | -340.2% | -787.8% | -675.7% | -73.3% | 10.6% | -48.7% |
| Net margin | -374.7% | -871.3% | -745.5% | -69.1% | -24.1% | -90.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 175.5% | 170.4% | 221.3% | 44.5% | 36.0% | 24.8% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -17.3% | -22.7% | -15.9% | -4.0% | -1.2% | -4.0% |
| Return on equity | -20.6% | -38.0% | -27.6% | -10.3% | -4.1% | -16.2% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -3.4x | -6.1x | -3.5x | -1.4x | -0.4x | -1.7x |
| Equity multiplier | 1.19 | 1.68 | 1.73 | 2.56 | 3.51 | 4.08 |
| Liabilities / Assets | 0.15 | 0.40 | 0.42 | 0.61 | 0.65 | 0.67 |
| Efficiency | ||||||
| Asset turnover | 0.05 | 0.03 | 0.02 | 0.06 | 0.05 | 0.04 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.6x | 0.6x | 0.9x | 0.8x | 0.8x | 0.9x |
| P / S | 10.1x | 13.2x | 25.3x | 5.5x | 4.8x | 4.8x |
| EV / EBITDA | - | - | - | - | 36.7x | - |
| Growth | ||||||
| Revenue growth (YoY) | 3.3% | -15.2% | -80.6% | -8.3% | 0.2% | -30.9% |
| Revenue CAGR (3y) | -44.6% | -46.7% | -43.7% | -14.1% | -18.4% | -21.5% |
| Revenue CAGR (5y) | -31.0% | -36.3% | -37.3% | -15.0% | -14.0% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 55.1% | 1.9% | -29.5% | -208.4% | 74.6% | -68.9% |
| Net income growth (YoY) | 55.6% | 0.9% | -109.5% | -162.7% | 73.2% | -76.8% |
| EPS growth (YoY) | 53.9% | 1.1% | -79.2% | -103.8% | 72.8% | -62.1% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -18.1% | -28.0% | -22.0% | 4.8% | 6.0% | -11.3% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate
Comparing Seritage Growth Properties against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Mar 28, 2019 | $0.2500 |
| Dec 28, 2018 | $0.2500 |
| Sep 27, 2018 | $0.2500 |
| Jun 28, 2018 | $0.2500 |
| Mar 28, 2018 | $0.2500 |
| Dec 28, 2017 | $0.2500 |
| Sep 28, 2017 | $0.2500 |
| Jun 28, 2017 | $0.2500 |
| Mar 29, 2017 | $0.2500 |
| Dec 28, 2016 | $0.2500 |
| Sep 28, 2016 | $0.2500 |
| Jun 28, 2016 | $0.2500 |
| Mar 29, 2016 | $0.2500 |